Latest Stock Market News

Reliance has sought bidders for 0.65 million metric standard cubic meters per day (MMSCMD) of natural gas from its coal bed methane field in Madhya Pradesh, while ONGC is auctioning 0.15 MMSCMD from a small field in Rajasthan.

The coal magnate -- whose controversial Australian mine project drew flak from climate activists including Greta Thunberg -- has increasingly looked beyond the fossil fuel for expansion.

Amazon.com Inc rose 0.2% after expanding its market capitalization by around $190 billion on Friday on the back of blowout earnings.

India became one of the few countries to tax digital assets like cryptocurrencies and NFTs (non-fungible tokens) when finance minister Nirmala Sitharaman announced a 30% tax on transfer of such assets in the Budget. Though the FM said taxing an asset does not bring legitimacy, industry watchers said that clarity on tax policy is likely to be the first step towards regulation of crypto.

The move to tax virtual digital assets at 30% in the Union Budget has encouraged the crypto industry players to come out with financial products on the asset.

The common currency leapt 2.7% last week after a hawkish shift in tone at the European Central Bank. It has held gains but has been unable to beat resistance around $1.1483 even as European bond yields have leapt and last bought $1.1441.

JSW Energy has one of the strongest balance sheets in the sector with a net debt-equity of 0.37x and net debt-Ebitda of 1.74x, it stated.

Tuesday is likely to see the levels of 17,245 and 17,330 acting as crucial resistance points. The supports come in at 17,100 and 17,000 levels

The S&P 500 opened higher by 5.22 points, or 0.12%, at 4,505.75, while the Nasdaq Composite gained 20.78 points, or 0.15%, to 14,118.79 at the opening bell.

On NSE, Amansa Holdings sold 4,65,000 shares at Rs 556.13 and 7,51,412 shares at Rs 550.31. On BSE, it sold 6,33,253 shares at Rs 550.34 and 1,35,000 shares at Rs 550.19 apiece.